Page 97 - RusRPTDec21

in August–September, household and business inflation expectations are up again to multi-year highs. This in turn is pushing price growth higher across a wide range of goods and services.
With due consideration to actual price growth paces, the Bank of Russia revised its inflation forecast for 2021 significantly upwards to 7.4–7.9%. In 2022, inflation is expected to decline to 4.0–4.5%, including due to the monetary policy stance, already made and future key rate decisions.”
97 RUSSIA Country Report December 2021 www.intellinews.com